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BCH · 2w

Question abou the future of crypto: when the government starts regulating and taxing crypto, won’t that defeat 1 of the main purposes of its creation?

I’m sure you all saw the news that all BTC transactions above 10k will be reported to the feds. In the US people are starting to get taxed on BTC. Doesn’t that defeat the whole purpose of anonymity and being a p2p money system, when government steps in and monitors your crypto transactions?
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